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Organisational Design

Minnesota overhauls governance as CIO gets more mandate power

Chief investment officer of the $150 billion Minnesota State Board of Investment will gain authority to hire and fire managers without board approval in a governance overhaul approved this week that will sharply fast-track decision-making. The change follows an 18-month asset allocation study which has resulted in some portfolio finetunes.

Darcy SongOctober 23, 2025

News

AUM at LPPI, Border to Coast and Central swell as UK mega pools take shape

Sarah RundellOctober 23, 2025

Asset Allocation

Fordham University dials up growth equity, cools on private credit

Darcy SongOctober 21, 2025

Opinion

Resilience: Abdicating from transformational change?

Andrea CaloisiOctober 20, 2025

The People’s Pension on volatility and weak demand for long end gilts

Sarah RundellOctober 16, 2025

Infrastructure

APG’s answer to aligning government and investment goals in infrastructure

An increasing push to invest in home markets means asset owners need better frameworks for aligning government expectations with investment goals. APG’s three-pronged approach for public infrastructure investments could act as a guide for other investors looking to balance fiduciary duty with political demands.

Darcy SongOctober 16, 2025

Fixed Income

CalPERS touts fixed income wins, gears up for TPA

At the annual review of its fixed income portfolio, CalPERS staff explain how active management, value-add strategies and the hunt for alpha are paying off, with ESG integration giving it a valuable edge and informing it to invest in companies under pressure like Boeing at the right time.

Sarah RundellOctober 14, 2025

FIS Stanford 2025

Condoleezza Rice: Globalisation’s borderless era is coming undone

Condoleezza Rice, the 66th US Secretary of State and current director of Stanford University’s Hoover Institution, said the new world order will have several characteristics of which there are already signs: more protectionist trade policies, a redistribution of security burdens, and louder voices for those marginalised in globalisation.

Darcy SongOctober 14, 2025

Investor Profile

‘So far so good’: Sweden’s FTN bags 150bps equity fund return improvement

In an endorsement of its hard work over the last year, Sweden’s Fund Selection Agency, which procures and monitors the funds on offer on the country’s premium pension platform, is already starting to see improved returns and lower fees from the wave of new equity funds it mandated.

Sarah RundellOctober 9, 2025

News

How leading asset owners maintain TPA discipline

Rolling out a total portfolio approach is rarely a linear process, as even its most experienced practitioners warned that without careful resistance to old language, culture and structure, asset owners can easily slide back into the “comfort” of strategic asset allocation. A new report unpacks how leading funds stay disciplined.

Darcy SongOctober 9, 2025

Asset Allocation

South Carolina lifts private equity and credit as cashflow turns positive

The South Carolina Retirement System Investment Commission's improved liquidity position has allowed the plan to tilt its portfolio towards unlisted asset classes, including private equity and private credit. The fund grew fast thanks to funding reform, improved salaries, and positive investment returns and is now looking to boost long-term performance.

Brendan SwiftOctober 7, 2025

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